Gold silver and oil declined yesterday – Daily Recap May 19

Major commodities continue to zigzag as they have fallen yesterday despite the rises from a day earlier.

Here is a summary of the main price changes in commodities and precious metals for May 19th:

Oil and Gas prices:

Spot oil price (WTI) declined yesterday by 1.66% and reached 98.44$/b; during May the WTI spot oil price fell by 13.2%.

Brent spot price also declined but moderately by 0.66% and reached 111.78$/b.

As a result, the difference between Brent and WTI inclined to 13.34$/b.

Natural gas price (Henry Hub spot) also decreased by 1.45% and reached 4.09$/mmbtu.

The Henry Hub future price fell by 0.48% to 4.1$/mmbtu; as a result the spread between future and spot price declined to 0.01$/mmbtu, i.e. contango.

Precious Metals prices:

Gold price also decreased yesterday by 0.23% and reached 1,492$.

Silver price also fell by 0.47% to end at 34.93$.

During May, gold prices decreased by 4.1% and silver price fell by 28.1%.

The EURO/ USD kept on rising yesterday by 0.42%, as the USD depreciates against the EURO. During May the EURO/USD lost 3.4% of its value.

For a more detailed report on major currencies, check out Forex crunch.

A summary of yesterday’s Prices Changes:


The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):

Crude spot oil price, Natural gas spot price, Current Gold price Silver prices 2011 May 19


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Monthly Analysis and Outlook: